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UK: A development partnership between HG Living and the landowner of a south London site will deliver a purpose-built student accommodation (PBSA) scheme in Elephant & Castle, south London.
The partnership will deliver a 146-bed studio-led scheme, offering high-end, boutique accommodation for students studying in central London. Development finance will be provided by Puma Property Finance. Harris Associates acted as advisor to the landowner on the transaction.
HG Living will oversee the delivery of the development, with HG Construction as the appointed main contractor. Following several months of active involvement, HG Living has secured planning amendments to the existing consent, enhancing the architectural design, strengthening regulatory compliance and unlocking additional value through additional bedrooms and an enhanced amenity offering.
Students will have the choice of a range of studio and cluster offerings. Amenity space will include coworking and private study areas, a residents’ sky lounge, private dining, a cinema and gaming area, and an outdoor roof terrace.
The development will be highly sustainable, targeting a BREEAM rating of Excellent, EPC A and promoting sustainable practices in it’s day-to-day operations through the use of air-source heat pumps, photovoltaic panels and ample cycle storage for the student and commercial accommodation.
Site mobilisation is scheduled for early 2027, with completion expected in late spring 2029.
Jamie Harris, co-managing partner at Harris Associates, said: “31 Amelia Street was always a standout opportunity, and we’re delighted to have brought together HG Living and the landowner to deliver this landmark asset. We look forward to seeing a best-in-class PBSA scheme take shape in Elephant & Castle.”
Matt King, head of investment & acquisitions at HG Living, added: “We are thrilled to have partnered with the landowner and Puma Property Finance to deliver a best-in-class student accommodation asset to the London market. This partnership is testament to all involved, navigating challenging market conditions with a solutions-focused approach to bring forward a fantastic development in one of the most desirable cities in the world for students to live and study.”
Rahul Malder, director of Puma Property Finance, said: “We are delighted to support HG Living, HG Construction and the landowner in delivering a high-quality purpose-built student accommodation scheme in Elephant & Castle. The financing reflects our conviction in well-located student housing projects and the strength of the underlying demand dynamics in central London.”
Highlights:
- A development partnership between HG Living and the landowner of a south London site will deliver a purpose-built student accommodation (PBSA) scheme in Elephant & Castle, south London
- The partnership will deliver a 146-bed studio-led scheme
- HG Living will oversee the delivery of the development, with HG Construction as the appointed main contractor
- Amenity space will include coworking and private study areas, a residents’ sky lounge, private dining, a cinema and gaming area, and an outdoor roof terrace
- Site mobilisation is scheduled for early 2027, with completion expected in late spring 2029
